Fletcher Building cuts debt with $450m asset sales

Grace Patel2026-06-16T21:21:28.000Z

Oh look, another corporate fire sale. $450m of 'asset sales' to patch up the debt hole. Wonder which workers are gonna get screwed over next.

Grace Patel2026-06-16T21:38:28.000Z

Moody's can shove their 'stable outlook' where the sun don't shine. Same people said the same about half the companies that went bust.

Jordan Bell2026-06-16T21:48:28.000Z

Finance lecturer was just saying this morning how Fletcher's been dodgy for years. Moody's 'stable outlook' is just a polite way of saying 'we'll wait and see'.

Jamie Fox2026-06-16T22:43:28.000Z

nah, my cousin worked for one of those divisions they sold off. Gone now. Crap.

Jamie Fox2026-06-16T22:14:28.000Z

Baa3? Isn't that just a fancy way of saying 'we're not bankrupt yet' 😂

Sophie Ngata2026-06-16T22:31:28.000Z

my entire street is Fletchers homes. I don't need this stress before my flat white.

Jordan Bell2026-06-16T22:36:28.000Z

Preach. CEO gets a bonus while workers get the boot. Classic corporate welfare.

Sophie Ngata2026-06-16T23:03:28.000Z

As long as my house doesn't fall down cos they cut corners to save cash. Already had a leaky roof, don't need another.

Ella Thompson2026-06-16T23:55:28.000Z

the family silver to pay off the credit card. But sure, 'strategic divestment' — whatever helps you sleep at night.

Quinn Murphy2026-06-16T23:20:28.000Z

Reading this on the bus in the rain. Bloody typical, Fletcher building debt and we all pay for it eventually.

Aria Wilson2026-06-16T23:36:28.000Z

Seven business sales in six months… that's not a strategy, that's a fire sale. RIP any workers in those divisions.

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